1.35pm: According to Reuters, Germany, Finland and the Netherlands are leading the push to delay Greece's bailout until April [see 1.18pm], even though the country must repay €14.5bn of maturing debt in March.

Their plan is for Greece to finalise its debt negotiation deal with its creditors (the Private Sector Involvement), which will trim €100bn off its debt pile. That would provide the resources to deal with March's debt repayment.

Of course, private creditors might be less willing to take a haircut on their bonds if Europe hasn't stumped up its portion of the deal. In that instance, the whole package would have to be rolled over to April – and the rest of the eurozone might pick up the bill in March.

Reuters explained:

This would mean we have to pay the €14.5bn on March 20, which would be a total waste," said the euro zone source, who took part in discussions among deputy heads of euro zone finance ministries on Tuesday.

4.49pm: The FT's Brussels Blog this afternoon has a fascinating romp through leaked documents from the EU that show how the Greek bailout is unravelling.

Peter Spiegel reports that EU officials have turned to City firm Lazard after realising that there's a nasty (and growing) possibility that the Greek debt restructuring could collapse while the swap is underway

They really are trying to force Greece out!!